Washington, D.C.—The Conference of State Bank Supervisors (CSBS) today released the Money Transmission Modernization Act for state adoption as part of states’ broader effort to modernize the state financial regulatory system. In addition to supervising 79% of U.S. banks, state financial agencies are the primary regulator of the nation’s nonbank financial sector, which includes mortgage lenders and servicers, consumer finance
Student teams used PPP data to show community bank role in pandemic Washington, DC - A team of students from William & Mary has won the CSBS 2022 Data Analytics Competition, CSBS announced today. This year’s competition challenged students to develop a data analytics model that demonstrates the role community banks played during the pandemic using data from the Paycheck Protection Program (PPP). “We have all been extremely impressed
Washington, D.C. - Community bankers’ optimism on the future economy is holding steady, according to the 2025 second quarter results of the Community Bank Sentiment Index (CBSI). The CBSI dipped slightly to 126 from its peak value of 129 in the previous quarter, driven by a less optimistic outlook for a lighter regulatory environment and moderated expectations for higher expected
Margaret Liu named General Counsel; Leonard Chanin joins as Chief Counsel to the President Washington, D.C. – The Conference of State Bank Supervisors (CSBS) announced today that it has named Margaret Liu as General Counsel and welcomed Leonard Chanin as Chief Counsel to the President. Both appointments are effective immediately. “I am thrilled to have Margaret and Leonard as part
Washington, D.C. – Community bankers are showing slightly more confidence in future economic conditions but still have concerns, especially about regulatory burden, according to the latest Community Bank Sentiment Index (CBSI), released by the Conference of State Bank Supervisors (CSBS) today. The CBSI increased by 6 points in the first quarter of 2024 to 98 points, its highest level in
A student team from William & Mary has won the 2023 Data Analytics Competition, the Conference of State Bank Supervisors announced today. The annual Data Analytics Competition engages CSBS with the academic community. This year’s competition, held virtually on May 4, challenged students to develop a data analytics model that examines the potential impact on banks from the recent rapidly rising interest rate
NYDFS Superintendent Adrienne Harris Concludes Her Service Washington, D.C. — State bank supervisors have appointed North Dakota Department of Financial Institutions Commissioner Lise Kruse to serve as the state banking representative on the Financial Stability Oversight Council (FSOC), effective Jan. 1, 2025. She will succeed New York State Department of Financial Services Superintendent Adrienne Harris, who will conclude her two-year
Community bankers are feeling upbeat about the economic future. The Conference of State Bank Supervisors’ (CSBS) fourth quarter 2024 CSBS Community Bank Sentiment Index (CBSI) surged 17 points to 127 compared to last quarter’s survey, reaching its highest mark since the survey began in 2019. The overall index was driven higher mostly on expectations of a more-balanced regulatory burden and